A laudable effort by SHRM India - here's an article by Pradeep Mukerjee on their site .. I thought Pradeep hit the nail on the head with this statement:
Understanding business: why is it important?
It is extremely important for any professional to understand what the business he or she is in is really about. Without such an understanding a professional will have a limitation in appreciating how his or her role contributes to the larger whole. A role may boil down to a set of tasks - done because they need to be done. We all know what that does to an individual’s motivation levels.